Daily Markup

Daily Markup #962: GrabPay enables e-wallet top-ups using cryptocurrency in Singapore; InvestaX & Obligate enhance market transparency and efficiency

April 5, 2024 · 2 min read
Photo credit: Shutterstock

New ways to load up

  • Grab users in Singapore can now top-up their e-wallets with cryptocurrency! Stablecoins and other digital assets can be converted into usable funds for GrabPay.
  • This new feature is made possible via a partnership between the 500-backed superapp Grab and crypto payments provider Triple-A.
  • The app currently supports top-ups through coins like Bitcoin, Ethereum, USDC, USDT, and XSGD.
  • These top-ups are only available in Singapore for now, but the team will continue to monitor user adoption and respond to demand for such services.
Photo credit: Obligate

Opening up the digital world

  • Token issuers and investors can look forward to streamlined processes that enhance market transparency and efficiency, thanks to a partnership between 500-backed tokenization Software-as-a-Service (SaaS) platform InvestaX and Obligate, a platform for structuring, issuance, and distribution of on-chain debt instruments.
  • The collaboration will offer a comprehensive suite of services that cover the entire lifecycle of tokenized assets, from issuance to distribution, creating a secure, scalable and seamless cross-border ecosystem for Real-World Assets (RWAs).
  • This also opens up a new range of investment opportunities for InvestaX clients.

Other stories you may have missed:

  • Applecrumby raises US$4.2M to bring affordable, high quality, chemical-free babycare products to parents in 20 countries
  • Pandorum secures US$11M to advance their ‘liquid cornea’ technology for treating corneal blindness in humans
  • Boxo partners Saudi real estate developer ROSHN to build superapp that enhances residents’ quality of life and vendors’ growth
  • eFishery acquihires AI IoT startup to ramp up their expansion; 10 new products in the pipeline
  • Grab launches inclusive program to empower women across Southeast Asia to achieve economic independence
  • Aerodyne launches Aerodyne Flight Institute to equip talent with critical and competitive skills in drone services
  • First Move invests in 10 early-stage startups in SE Asia focusing on affordability, financial inclusion, and circular economy
  • Ejen2u won two awards at the Star Business Award 2023 — Silver Awards for Best Innovation and Best in Customer Service
  • Involve Asia won Most Value Creation at the Top In Tech Innovation Awards 3rd Edition
  • Gilmour Space Technologies and Frond Space Systems joined forces to advance space sustainability through the provision of a cutting-edge dragsail system for Gilmour Space’s upcoming satellite mission
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